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Waiting for the bullish miracle

25 August 2016, USD/JPY

As long as the price is not able to update the Low, I am in favor in bullish version of the situation, but buying is not desirable, because we do not know long this pair will stay as is. In this situation, the best solution would be to set a Buy pending order around 100.70. On strong movement we will safely enter in the direction of the emerging movement.

Thus, in the near future I expect impulse growth of the pair boosted by the wave [iii] of the wedge.

Vasiliy Lukin
Analyst of «FreshForex» company
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